The Motley Fool has no position in any of the stocks mentioned. Rich Smith has no position in any of the stocks mentioned. The Must-Read Trump Quote on Social Securityġ0 Reasons Why I'm Selling All of My Apple Stock The Company offers its clients a suite of services of predictive analytics with technology. The $16,728 Social Security Bonus You Cannot Afford to Miss is an information technology services company. It's just that if the reverse split fails, the future will be even bleaker - and probably shorter, too.ģ Stocks That Are Absurdly Cheap Right Nowĥ Warren Buffett Principles to Remember in a Volatile Stock Market Honestly, I don't see a very bright future for MoviePass even if the reserve split vote succeeds on Thursday. It's burning cash, burdened with debt, and diluting existing shareholders with abandon through new stock issuances. MoviePass is not profitable, and I've yet to see anyone make a compelling case that it ever will be. Helios and Matheson completed a 105 million secondary offering in February. The shares might still not be worth a lot, however. The company is worth more than it was the last time that we were at these levels. What is the market capitalization of Helios and Matheson Analytics Inc Stock As of the, the market capitalization of Helios and Matheson Analytics Inc is 700.539K. In response, Helios and Matheson stock was up 26.1% as of 1:45 p.m. The 52-week high for Helios and Matheson Analytics Inc Stock is 0.0007 and the 52-week low is 0.000001. Glass Lewis said that it is in the company's best interest to reduce the number of shares outstanding in an attempt to raise the share price. ISS said that the reverse split not only might allow Helios to maintain its listing on Nasdaq, but also "the effective increase in the number of authorized shares would enable Helios to satisfy reserve requirements under certain convertible notes." Today, the chances of that vote succeeding increased measurably when independent proxy advisory firms Glass Lewis and Institutional Shareholder Services (ISS) - which advise shareholders on whether companies' proposed actions are good ideas or bad - both decided that this latest plan by Helios is a good one. As detailed in that filing, Helios has agreed with owners of certain warrants (to buy stock) that it had previously issued to exchange those warrants for actual shares of Helios stock at a 1-to-0.85 ratio, converting 26.6 million warrants into 22. Shareholders will vote on this plan on Thursday, and if the measure passes, Helios should be able to remain listed on the Nasdaq. Last month we told you about a plan by Helios and Matheson - majority owner of MoviePass - to once again reverse-split its stock, probably 1-for-500, in an effort to lift its share price up from about $0.02 to something more than the $1 minimum required to maintain a listing on the Nasdaq Stock Market. For Helios and Matheson Analytics (NASDAQ: HMNY) stock, it's all over but the voting.
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